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20121211
20121211
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, michigan. massive crowds gathering at the state capitol. they're protesting the state's right to work law. the lawmakers set to cast the final votes inside that building this morning. we understand the governor is very ready to sign that into law. very controversial situation going on live in lansing. good morning, everybody, i'm martha maccallum. you are here in america's nice room. >> i'm gregg jarrett in for bill gregg: the right to work vote will mean unions will no longer force workers to pay dues. that the birthplace of the powerful united auto workers union. martha: this has huge national implications over the power of organized labor. governor rick snyder believes there will be more job. he believes the protests hurt more than they help. here he is. >> if you go forward you will create a environment involving labor issues this could rise to the lebl level where i might not keep it off my agenda. i'm not happy about being in this situation. >> he has the responsibility as our leader avoiding this kind of a cliff. it is not, it is not good enough to be for him to say liks behind us.
'm brooke baldwin. right to it. thanks for being with me. we want to begin in michigan. take a look. >> we are -- >> union. >> the sound of protesters chanting, filled the state house gallery in lansing, while inside the capital chamber the republican-led legislature passed not just one, two right to work bills. one was for the public workers. the second, which passed moments ago, covers workers in the private sector. with the passing of both bills here, michigan will become the 24th right to work state, all that is left for that to happen, for the republican governor to sign it. rick snyder promises to do exactly that, probably tomorrow. look at more pictures we have for you here. more than 12,000 protesters gathered in freezing temperatures. i think i saw some snow falling earlier there in lansing as the lawmakers were inside, voting. and, against the odds, democrats waged a final losing battle. poppy harlow, let me bring you in there, amidst all of this in lansing. set the scene for me, now that we know, poppy, both the bills passed. what is the reaction like in the crowd? >> we knew th
-day meeting starts. dagen: michigan's capital under siege. protests over right to work. connell: should we call it an apple tax? on average, families are spending thousands of dollars a year on apple products. dagen: it is not a tax, it is a choice. top of the hour, stocks now and every 15 minutes. nicole: all right, dagen and connell, take a look at the markets. the dow jones industrials up triple digits. the dollar has been lower. they have talked about the gains that we have been seeing over in europe. the euro top 50. that is very interesting, as well. this is the environment. it bodes very well. another winning day here on wall street. drug stocks, bank stocks doing well. the vix, the fear index, is to the downside. let's take a look at urban outfitters. taking a look at their quarterly sales. they are looking better than expected. under their umbrella is a name brand that a lot of the teenagers know very well. they had a good block friday. urban outfitters is up over two dollars. back to you. connell: as we get close to this fiscal cliff, both sides agreeing to get serious. we have h
it. make your mark with ink from chase. >>> welcome back. >>> michigan is poised to become the most unionized right to work state. workers are expected to voice their disapproval today at the state capital. even president obama stepping into the fray during a visit yesterday to a daimler truck factory in redford, michigan. >> these so-called right to work laws, they don't have to do with economics. they have everything to do with politics. what they're really talking about is giving you the right to work for less money. >> alison kosik is in lancing with the latest for us. if we could take this to the 101 level here. explain right to work. >> it essentially means if this law passes, the right to work law, even it passes here in michigan, it means if you are looking for work in michigan you wouldn't be forced to pay union dues 0 are join a union as a condition to get a job or keep a job. for a state like michigan which was built on unions, it really is a huge sea of change here. and it comes with an element of symbolism as well. especially since unions are so engrained in this state.
of guests, big labor, obviously, about to take a devastating blow in michigan, on the verge of becoming a right-to-work state. the man poised to make it happen, putting pen to paper signing the bill into law. governor rick snider. he's going to be joining us live from the office in the state capitol. don't miss this. liz: dangerously close to going over the cliff. you know the date, december 31st. coming up, exclusively on fox business, former treasury secretary paul o'neill as sides dwindle own spendings, he has what needs to be done to get budget under control, easy ways to cut it and who should carry the burden. david: before the busy hour, what drove the markets with today's data download. stocks pushing up for hopes of a deal in the beltway. all three indexes in the green, hosting the three straight day of gains, s&p higher for the first time in two weeks. technology and health care led today's gainers. well, oil posting its first gain in six sessions today, edges higher after prices fell 4% over the past five trading sessions. crude closing the day up 23 cents a barrel at $85.79.
at michigan state house. there's a vote from the house that has passed the right to work bill. want to bring in alison kosik for the latest. this is controversial, allison. how are people responding? >> reporter: there's not much response here. what's going on inside the capitol is this. two votes happening in the house, one passed as you said, 51-48. that is the public union portion of the right-to-work law. that passed the house. now with the house is going to do is vote on a senate bill on private unions and that is also expected to pass. once that does if it does, it's expected that measure will head to governor rick snider's desk where he is expected to sign it. i did talk to protesters here, i let them know that the first part did pass. one teacher i talked with who came out today said they're not listening to us standing out here. at the same time another person in favor of the measure came up to me and said, what's the latest? i said the first measure passed and she jumped up and said, yeah. you are feeling the tension start to happen here. one thing that happened 40 minutes ago a te
petallides on the floor of the new york stock exchange. protests turn violent in lansing, michigan, as union protesters ripped down a tent belonging to right-to-work supporters. becoming the 24th right-to-work states today allowing workers to get the right to join unions. jeff flock is in lansing michigan covering the story for us. i thought it was interesting how you covered the scene there with michigan a few years back, excuse me, wisconsin. >> wisconsin, exactly. not the same kind of intensity. part of that is because this is already pretty much a done deal. there they had not a teacher headed off. the second one being debated right now. but renew over here to the scene of the george romney state office building. george romney, former governor of wisconsin, and father of mitt romney. the large group of protesters are trying to get into the crowd and see. they have essentially ringed the entrance of the building trying to make their voices heard. they feel very frustrated. they feel this had passed in a lame duck session without the opportunity for there to be more debate about it. that i
the high side public opinion on this. traveled to michigan yesterday. john boehner went on the floor and said i need to see their spending cuts. that's what's going on in the public level. privately staff are working together and the fundamentals remain in place for a deal. don't know if it's before or after christmas or before new years or just after it, but i believe will happen. >> all the vacations are planned, right? >> we've reached one of the weirdest days because speaker boehner came out and said the president has not offered specific spending cuts and the president says we've offered spending cuts and it's gotten to this point of childish points and these guys are saying did not and these guys are saying did, too, and these guys again saying did not. i agree with john. they need to get really close then because then there's a sense of urgency and that's what they feel like they can get the votes to get this done right up to the edge of disaster. >> it's not he said, she said. they have put out spending cuts. >> $600 billion that the president talked about in his proposal. >>
in michigan could not stop lawmakers from passing bills that hurt union power. this could have a major impact on unions nationwide. the feds accuse a big bank of doing business with iran, cuba and libya and mexican drug cartels to the tune of billions and billions of dollars. who did they arrest? nobody in who are they trying to arrest? nobody. there is a fine. we will get to that. put down the cough syrup. pick up chocolate candy. researchers say chocolate could be more effective treatment in treating the common cough. that is all ahead unless breaking news changes everything. this is "studio b" today. first from fox at 3:00 in new york city, a major blow to labor unions wait for the michigan governor's signature. today, state lawmakers pass add measure that weakens labor unions while crowds of protesters rallied need and outside the statehouse. the demonstration is getting ugly. get the [blank] camera. >>shepard: the demonstrators are fighting the republican legislature and republican governor who says he will sign the so-called right-to-work bill into law. it would make it illegal to force
on his tugboat. . >>> president obama traveled to michigan today to try to sell his plan for pulling the country back from the fiscal cliff. he spoke to workers at a auto engine plant. he said lawmakers need to make some tough spending cuts on things we don't need. but he said he is determined to keep tax breaks in place for the middle class while raising taxes for higher earning americans. >> i won't compromise on. i am not going to have a situation where the wealthiest among us, including folks like me get to keep all our tax breaks and we are asking students to pay higher student los. >> republicans insist cuts to entitlement programs should be on the table. they must act before december 31 to avoid the fiscal cliff. >>> on wall street today, the dow is up 14 to 13,169. the nasdaq is up 8 at 2,986. the s&p is up 0.48 at 1,418. >>> the pentagon identified a navy s.e.a.l. killed over the weekend while rescuing a doctor held captive in afghanistan. he died during the raid. it freed the doctor who was working for a colorado based organization when he was taken captive. he was part of
in our video library. next, president obama talked to union workers in michigan about the economy in the fiscal cliff. after that, a panel on innovation and the economy. later a conversation about have the fiscal deadline could affect the defense budget. >> on tomorrow morning's "washington journal," we continue our look at the so- called fiscal clef and what happens if the budget cuts take place in january. jim doyle the effect on businesses. after that, charles clark looks at domestic program cuts. in more about the issue with the brookings institution. bless your e-mail, phone calls, and tweets. that is live tuesday at 7:00 a.m. eastern on c-span. >> next, president obama talking about the economy and the need to reach an agreement with congress on the january fiscal deadline. he spoke at a diesel plant outside of detroit. his remarks are about 25 minutes. >> hello, redford! [applause] it is good to be back in michigan. [applause] how is everybody doing today? [applause] now, let me just start off by saying we have something in common -- both our teams lost yesterday. [laughter
. >>> the michigan house has approved a controversial right to work bill even as workers protested outside. that follows approval by the state senate last week. michigan governor rick snyder said he will sign that bill. more than 12,000 workers crowded into michigan state capital as legislature began debating right to work law. that prohibits unions from compelling members to be members and pay dues. security was tight. police in rite gear and carrying spray canisters on their belts. >>> what happens to the u.s. economy if we do go over the cliff? >>> the government cashes out of aig. what's next for the company and for the ceo? but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 oper
with that. >> i just came from michigan. there's been a resurgence of the auto industry. there was federal money that went into it. without federal money, chrysler and gm would have gone bust. >> the liquidity. like aig -- >> exactly. let me finish. you talk about it's all wasted. that's not true. that's not true. some of it is well spent. and i think you should answer your question. sandy, not named after me, had a major impact on the east coast. there's been a request for help from the federal government. i'm all in favor of accountability. >> but did you have accountability with katrina? i don't think so. it's your constituents that are paying for the wasteful money. if you're coming here telling your constituents, you really don't -- >> no, look, i'm saying, i'm in favor of accountability. >> the congressman from new jersey needs to speak up for the state. >> i'm in favor of accountability. let me finish. after accountability is built in, will you vote yes or no? >> i will be supportive of slaks once we have the accountability in place. >> good. >> work with me on the accountability, f
for michigan and the u.s. are expected to protest at the state's capital building today over a proposed right to work bill. this would prohibit consumers to pay more. governor rick snyder says he'll sign it. michigan will become the 24th u.s. right to work staid state. >>> and cnbc is taking to washington today as we send becky quick, larry kudlow and jim cramim cramer to the white . they'll be leading off with a special mission critical rise above d.c. report. it's part tax. read, becky? >> like you said, we are occupying washington. this is where we've camped out all night. there's been all this talk about the fiscal cliff. we know it is fact approaching. we know it is something that would threaten not only the united states economy, but the economies around the globe. if we go over that cliff, there will be steep cuts and spending and steep tax increases that would automatically kick in. what we're doing here today is talking to our elected officials, talking to people who are involved in these talks, trying to figure out what will happen, where we are and if there's any way to avoid that
you. >>> coming up, why as many as 10,000 union workers are expected to march on the michigan capital today. if you get a chance, read the lead editorial on the "wall street journal." this might bring us some things you haven't thought about. plus, which bank has the best customer -- a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. where you stand, turn to us. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry ab
cliff. the next day the president jetted off to michigan to campaign for tax increases instead of staying in washington to work on a possible plan. with a national debt of over $16 trillion, washington's out-of-control spending is placing our national security at risk. clearly spending is a threat with an increase of 93.5% over 10 years and revenues increased only 15.7%. raising taxes on the american economy will destroy jobs. reports have indicated that raising taxes on the top 2% will generate up to $80 billion a year. this amount of money covers less than 10% of our nation's annual deficits. it's my hope that the president will address the fiscal cliff to work with house republicans to promote small business job growth. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from illinois rise? mr. dold: to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection. mr. dold: th
Search Results 0 to 15 of about 16

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